Patspin India Ltd — Updates, 05-08-2025: Company Update

Patspin India Limited announced its financial results for the quarter ended June 30, 2025. The company reported a net loss of Rs 2.36 Cr and a cash loss of Rs 1.62 Cr, which has eroded its net worth. The board approved these results on August 5. Facing significant uncertainty as a going concern due to past debt servicing issues, Patspin plans to resume its own cotton yarn manufacturing. It has submitted a new resolution plan to lenders for debt restructuring, including a moratorium on interest and working capital installment payments, reduced interest rates, and new working capital facilities. A viability study confirmed the proposal, which is now under lender review.